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The latest announcement is out from Ola Electric Mobility Limited ( (IN:OLAELEC) ).
Ola Electric Mobility Limited has reported its first profitable quarter for its auto business in Q2 FY26, with a gross margin expansion to 30.7%. This achievement marks a significant milestone in the company’s journey towards sustainable profitability, supported by strong cost management and operational efficiency. The company also launched India’s first residential Battery Energy Storage System and commissioned a Gigafactory, indicating a strategic focus on innovation and capacity expansion. Additionally, Ola Electric’s Roadster sales have grown significantly, and the company has introduced new services to enhance customer experience, positioning itself strongly in the competitive electric vehicle market.
More about Ola Electric Mobility Limited
Ola Electric Mobility Limited operates in the electric vehicle industry, focusing on the production and sale of electric vehicles and related technologies. The company is known for its innovative products such as electric scooters and has recently ventured into residential battery energy storage systems. Ola Electric is committed to expanding its market presence in India and enhancing its technological capabilities.
Average Trading Volume: 16,584,189
Technical Sentiment Signal: Strong Sell
Current Market Cap: 220.8B INR
Find detailed analytics on OLAELEC stock on TipRanks’ Stock Analysis page.